One of these lies in how the world manages the creation and ownership of inventions and ideas. A protectionist method of How To Get A Prototype Made With Inventhelp was created to protect and prolong the lifecycle of existing technologies, and permit innovators to capture the earnings from their creations. In a paper published with colleagues from universities in Germany and India, we examined how this also makes it harder for new and more sustainable technologies to be developed and adopted. That explains why nowadays there are other approaches being used to move key sectors to more sustainable systems and end this status quo.
Electric car manufacturer Tesla, has become doing just that. Tesla CEO Elon Musk “shocked” the world in 2014 when he announced that his company was joining the open source movement and giving away its patents at no cost. It is important to be aware of the rationale here. Why would a company that had worked so hard to build up and protect its technology looking at the global car manufacturer competitors suddenly give its technology away for free?
Tesla initially developed a patent portfolio to protect its technology. However, Tesla’s concern that it would be overwhelmed once established car makers ramped up their creation of electric cars never came to pass. Instead, it saw the electric car market stagnate at lower than 1% of total vehicle sales. So Tesla changed its strategy from trying to prevent others from building electric cars to attempting to encourage them to the market.
Portion of the reasoning here is that if more electric cars are built, then more battery recharging stations will be built too. This might make electric cars be a little more visible, and a more conventional choice. Tesla believes that the open intellectual property strategy can strengthen rather than diminish its position because they build the size of the electric car market, and as a result, build its own share of the total automotive market.
This kind of careful management of Patent My Idea at company level, supported by policy-level awareness, can be a powerful method to keep the same types of transitions to more sustainable technologies in other industries too.
Energy supply faces a multitude of difficulties: the depletion of natural resources; air pollution and greenhouse gas emissions; nuclear risks; and security of supply. The water supply sector is fixed by water scarcity, pollutants, extreme environmental events such as flooding and costs associated with supplying water to communities in poor countries and remote communities. The agri-food sector, meanwhile, is under pressure to sustainably produce more food as well as address malnutrition in poor countries.
For these industries to navigate a path around these problems, new knowledge and the innovations that follow will be essential. And in knowledge economies, intellectual property can either be an enabler or perhaps an inhibitor.
If the ownership of intellectual property is fragmented within an industry, it can slow down technology innovation and uptake, such as in the electronics industry where multiple players own complementary patents. However, firms can instead open their innovation processes and depart from jealously guarded, internal cultures, where intellectual property is used to briaac and prolong lifecycles. This change may see knowledge sharing that leads to accelerated innovation cycles and a more rapid uptake of sustainable alternatives within a sector: just what Tesla was longing for in electric vehicles.
This method to intellectual property, so-called “open IP”, is well advanced and mature in the software industry and healthcare. It offers given usage of life-saving medicines to huge numbers of people, specifically in developing countries through patent pools, like the Medicine Patent Pool. This kind of project depends on multinational pharmaceutical companies sharing their Idea Help, but small companies can also play a strategic roles in creating these new, more sustainable systems, and it’s not all about open IP.